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After US President Chuanpu’s wife, Melanie, confirmed the diagnosis of a new coronary pneumonia, US stocks hit the selling pressure on Friday (2). The Dow Jones Industrial Average fell more than 400 points or 1.4% at the open, and the S&P 500 Index fell 1.6%. The Nasdaq index fell 1.7%, while the ADR of Feban and TSMC fell more than 2%.
Trump confirmed on Twitter in the early hours of Friday (2) that both couples were infected with the new corona pneumonia. After the news broke, the market was immediately sold under heavy pressure and investors turned to safe-haven assets such as the US dollar, Japanese yen and gold.
Analysts said that after the chaotic presidential debate heightened people’s concerns about the transfer of power to the president, this news is likely to hurt Trump’s election and increase market turmoil.
White House physician Sean Conley said: “The president and the first lady are very good at this time and plan to stay in the White House during their recovery.” Conley also said he believes Trump will be able to bounce back without interference while he recovers. Continue to perform presidential functions.
Trump’s infection also triggered criticism from the outside world of White House officials and staff. A spokesman for Vice President Mike Pence previously said that both Pence and his wife were tested for the new corona virus and the results were negative. US Secretary of the Treasury Steven Mnuchin (Steven) Mnuchin) previously tested negative for the virus.
In terms of economic data, the United States reported 660,000 new non-farm jobs in September, which was much lower than market expectations of 860,000. Job growth has slowed significantly and the unemployment rate has fallen for five consecutive months, falling to 7.9%.
As of Friday (2) 21 o’clock, Taipei time:
- The Dow Jones Index fell 406.48 points, or -1.46%, to 27,410.42 points temporarily.
- Nasdaq fell 194.90 points or -1.72%, temporarily reported at 11131.61 points
- The S&P 500 fell 54.31 points, or -1.61%, to 3,326.49 temporarily
- Rates and a half fell 54.22 points or-2.37%, temporarily reported at 2237.55 points
- TSMC ADR drops 2.20% to US $ 80.80 per share
- Yield on 10-year US Treasuries fell to 0.659%
- New York light crude fell 4.91% to $ 36.82 a barrel
- Brent crude fell 4.76% to $ 38.98 a barrel
- Gold fell 0.38% to $ 1909.10 an ounce
- The US dollar index rose 0.23% to 93,980 points
Focus actions:
Amazon (AMZN-US) fell 1.94% in early trading to $ 3,158.68.
Under pressure from labor groups, politicians and regulators, Amazon announced the first confirmed data on employees on Thursday the 1st. From March 1 to September 19 of this year, a total of 19,000 Amazon employees were infected with the new pneumonia of the crown. Equivalent to 1.44% of total employees.
Wal-Mart (WMT-US) fell 1.05% to $ 141.58 in early trading.
Walmart agreed on Friday (2) to sell its British supermarket chain Asda to retail giant Walmart (Walmart) agreed to sell its British supermarket chain Asda to the wealthy Issa brothers and private equity funds TDR Capital TDR Capital, Asda It is valued at 6,800 million pounds (approximately $ 8.8 billion).
The two parties issued a joint statement stating that Mohsin and Zuber Issa, as well as TDR Capital, will acquire a majority stake in Asda, while Walmart will retain the remaining minority stake and seats on the board.
Tesla (TSLA-US) fell 5.49% in early trading to $ 423.55.
Tesla said on Friday (2) that a total of 139,300 electric vehicles were delivered in the third quarter of this year, which was much better than the 137,000 expected by the market, and reached a record high.
Daily key economic data:
- The United States reported 661,000 new non-farm jobs in September, which is expected to be 865,000 and the previous value was 1,371 million
- The US unemployment rate in September reported 7.9%, it is expected to be 8.2% and the previous value 8.4%
- The average hourly wage increase rate in September in the United States reported 4.7%, which is expected to be 4.8%, and the previous value is 4.7%
- The average rate of hourly wage increase in September in the United States reported 0.1%, which is expected to be 0.2%, and the previous value is 0.4%
- The average weekly working hours in the United States in September is reported to be 34.7 hours, which is expected to be 34.6 hours, and the above value is 34.6 hours
- The labor participation rate in the United States reported 61.4% in September, up from 61.7% previously.
- The final value of the monthly growth rate of US durable goods orders in August will be released at 22:00 pm Taipei time, the previous value was 0.4%.
- The final value of US consumer confidence in September will be announced at 22:00 pm Taipei time, expected 79.0, previous value 78.9
- The monthly increase rate of US factory orders in August will be announced at 22:00 pm Taipei time, which is expected to be 1.0%, and the above value is 6.4%
Wall Street Analysis:
Karen Ward, chief market strategist for EMEA at JPMorgan Chase Asset Management, said: “Ahead of the November election, market sentiment has balanced delicately, and the news of Trump’s diagnosis has only increased uncertainty.” Despite this, he believes the market will be determined now. The final direction is still too early.
Robert Rennie, Westpac’s head of market strategy, believes investors can avoid high-risk assets until the health outlook for Trump and other White House officials is clearer.
Ryan Detrick, Senior Market Strategist at LPL Financial, said: “There are more questions in the market now than there are answers, and the market tends to sell first and then ask questions until there is more news that Trump clearly feels; otherwise. , it will be difficult for the market to recover significantly. “
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